Manufacturing an Ethics & Compliance Program

Managing ethics and compliance risks and regulatory requirements in the manufacturing industry is a top priority and challenge. Not only do manufacturers need to build positive cultures within their own diverse and widely distributed workforces, but they are also connected to a larger community of third-parties: suppliers, vendors and distributors that are playing an increasingly important role in manufacturers’ success. Third-parties have the potential to impact a manufacturer’s reputation and bottom line, especially if they are operating outside of social, organizational or regulatory expectations.

NAVEX Global’s ecosystem covers a manufacturer’s ethics and compliance concerns internally and externally. Internal concerns are managed with a central repository of policies and procedures in PolicyTech®; risk-based employee training assigned and tracked through NAVEXEngage®; and multichannel reporting and incident management organized and resolved with EthicsPoint®. Externally, these concerns extend to third-parties and other stakeholders with RiskRate®, NAVEX Global’s third-party risk management solution. This empowers your organization to thoughtfully build, educate and monitor your third-party network.

Process: Extend Your Ethics & Compliance Efforts to Third-Parties

Batch upload your existing third-party engagements, and new engagements as they arise.

Justify business need and scope third-party risks. Distribute questionnaires, code of conduct, policies and training to your third-parties to align them with your culture and expectations for ethics and compliance.

Benefits

Have Confidence in Your Third-Party Solution: RiskRate allows you to automate management of your third-party relationships – whether this is a few hundred or a few hundred thousand. Visual risk ratings are generated and scored in line with your organization’s unique risk profile.

Eliminate Duplicative Efforts: House your global third-party risk management process in a single, central platform, accessible by as few or as many employees as your organization needs to manage and track third-party relationships and their risk status across your organization.

Audit-Ready Reporting: Detailed relationship histories from onboarding to screening to monitoring are housed in a single platform – making it easy to access and share your third-party risk status.

E&C Peace of Mind: The NAVEX Global ecosystem provides a holistic ethics and compliance program with tools for policies and procedures, training, and hotline and case management to not only meet regulations but to also build a strong culture. Our solutions are built on over 35 years of experience and manufacturing is the top industry with which we work. For your organization, this translates into customer-driven solutions and value.

Take the next step in improving your third party due diligence

RiskRate® Enterprise Due Diligence

NAVEX Global's Third Party Risk Management Platform creates a cost-effective way to continuously monitor your third parties and risk-rank them. RiskRate is the single solution through which your third-party risk management can be streamlined, centralized and expertly managed.